Ordinance O2024-0007325
Passed
Amendment of redevelopment agreement with Pioneros LLC for rehabilitation of former Pioneer Bank building at 4000-4008 W North Ave
Auto-generated summary
Mayor Brandon Johnson's letter to the Chicago city council presents an ordinance for a revised redevelopment agreement with Pioneros, LLC for the former Pioneer Bank building at 4000-4008 West North Avenue in the Pulaski Corridor Redevelopment Project Area. The project, approved under the Illinois Tax Increment Allocation Redevelopment Act, involves TIF funds, Incremental Taxes, changes in financing sources, an increased budget, and tax increment financing funded improvements. The agreement replaces the Original Redevelopment Agreement from April 19, 2023.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0007325 Committee Letter.pdf
- O2024-0007325 EDS.pdf
- O2024-0007325 Exhibit A - Amended Redevelopment Agreement.pdf